9/10/2013 1:20:00 AM
HEADLINES
Jiaxing Fastener Activity Declines in First Half

Fastener imports and exports from Jiaxing city totaled $452 million in the first half of 2013, ChinaFastener.Info reports.

Exports fell 21.43% to $414 million due to “the global economic downturn, the trade friction as well as the weakening export advantage of Chinese companies.” 

Both export volume and price declined, according to ChinaFastener.Info. 

The fastener export volume of Jiaxing city in the first half decreased 1.55% to 332,716 tons, while average export price fell 5.8% point to $1,325.4/ton.

Exports to the main markets — the U.S., EU and Russia — weakened. Exports to U.S. fell 30.93% to $97 million, while exports to the EU decreased 24.29% to $79 million and exports to Russia dropped 2.16% to $66 million.

Imports for Jiaxing city dropped 27.97% to $11 million during the first six months of 2013. ©2013 GlobalFastenerNews.com